HONG KONG – Hong Kong has maintained its World No.3 ranking in the latest Global Financial Centres Index (GFCI) after New York (No.1) and London (No.2).
Hong Kong’s overall rating increased by 11 points to 760, remaining top in the Asia-Pacific region.
The biannual GFCI, published today (March 20) by the Z/Yen from the United Kingdom and the China Development Institute from Shenzhen, also rated Hong Kong No.4 globally for fintech offerings, a leap of five places compared to the previous report.
The Hong Kong Special Administrative Region (HKSAR) Government welcomed the report, saying the positive assessment fully recognises Hong Kong’s leading status and strengths as an international financial centre.
Among the various areas of competitiveness of the GFCI, Hong Kong rose to second place for “human capital”, “infrastructure” and “financial sector development” and third in the “business environment” and “reputational and general”.
“The ratings reflect that our continued efforts to enhance the diversity and the competitiveness of Hong Kong as an international financial centre have fully received international recognition,” said the Financial Secretary of the HKSAR, Mr Paul Chan. “I have full confidence that as long as we adhere to fundamental principles while breaking new ground, stay bold in reform, flexible in our responses and strive to seize the opportunities presented by the new era and new landscape, Hong Kong’s status as an international financial centre will surely reach new heights.”
